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The Second Half Of The Year Has Begun, And Markets Are Rallying

Joe WeisenthalJul 1, 2013, 15:27 IST

Peter Wallis/REUTERSThe first half of the year was very strong for developed markets.

The second half of the year is now off to a good start.

US futures are higher by a bit over half a percent.

Asia rallied overnight, with Shanghai gaining 0.8%, and Japan rallying 1.3%, with both indices having been negative earlier in their respective sessions.

Meanwhile, European markets are generally higher, following a set of strong manufacturing reports, particularly in peripheral countries.